At two in the morning, my brother burst through the door carrying half a bag of scrap, took out a shiny bank card from his pocket and slapped it on my desk: "Guess what’s hidden in here?"
I thought it was his hard-earned money from collecting scraps, but then he opened the cryptocurrency app, and a balance of 40,000 was flashing: "Your brother isn’t just messing around, right!"
I almost laughed to tears: "You can’t even tell the difference between RSI and candlestick charts, and you dare to touch this stuff?"
He held his neck high: "You understand technology, I understand stability, we’ll make a great team!"
Who would have thought that with this partnership, I ended up struggling in the cryptocurrency market for 6 years, starting with 9000 in capital, surviving through three bull and bear cycles, and it steadily supported my family’s expenses.
At first, I was very superstitious about technology, staying up late every day learning Bollinger Bands, memorizing RSI parameters, filling my tablet with screenshots,
Even while feeding my child, I would hold the comparison of the "double bottom" candlestick patterns, but my account kept getting thinner, losing 3500 in just six months.
Until one day during a short-term operation, I focused on the "double bottom" pattern, calculated the entry point accurately, and just after buying, it dropped.
— Later I found out that the main funds had quietly withdrawn, and the candlestick chart was just a "post-event record" of the market, not some money-making "prophecy book"?
Slowly, I accumulated a few rules I dared not forget: when I first made a profit of 4500, I withdrew 1300 to buy my mom a massager, and later when the market corrected, seeing my mom’s smiling face using the massager made me understand that "locking in profits" is not just empty talk;
Previously, I was trading frequently and racked up 1900 in fees within a month, later reducing my trades actually increased my profits by 30%;
When adding positions, I miscalculated the ratio, intending to add 8% but wrote down 18%, almost losing my child’s early education fee, since then I check the calculator three times every time I add a position.
After 6 years, I finally understood: the cryptocurrency world is not ruled by technical experts, making money is a compensation for understanding, not a reward for staying up late staring at candlestick charts.
Listen less to stories of "doubling overnight", and calculate the accounts on your fingers; don’t fixate on daily gains, see if the annualized return can cover your child’s art class fees.
After all, keeping to discipline and knowing the priorities is the real secret to never getting liquidated in the cryptocurrency market and steadily supporting a family. @Yaya丫